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Watch WebHosting GoDaddy Video: Raising Capital as an LGBTQ+ Business Owner | Pride 2021 | News & Trends.
Daylight co-founder Billie Simmons speaks out about how to rise above the funding challenges faced by LGBTQ+ entrepreneurs. Subscribe to GoDaddy on YouTube: http://bit.ly/GoDaddy-Subscribe

0:00 What is Daylight Digital Banking?
0:42 Tips for successfully securing capital as an LGBTQ+ entrepreneur
1:01 How to overcome bias when applying for funding
1:30 Why it’s important to tell your story as an LGBTQ+ business owner
2:05 How many LGBT people are in the U.S.?

As a trans entrepreneur, Billie Simmons knows the unique hurdles that LGBTQ+ business owners face when securing capital. That’s why she founded Daylight, the first and only digital banking platform specifically created for the LGBTQ+ community. Knowing the discrimination surrounding LGBTQ+ individuals, Billie offers advice for rising above bias and making their mark as entrepreneurs. Not only is it important for members of the LGBTQ+ community to be open about their identity, it’s equally important for investors to create a welcoming environment that helps close the inequality gap. By telling their unique story and moving conversations towards data-driven results rooted in successful business models, LBGTQ+ entrepreneurs can get the funding they need to succeed. With 30 million LGBTQ+ folks in the US and over $1 trillion in spending power, it’s time to make room at the table for entrepreneurs across the spectrum.

GoDaddy celebrates LGBTQ+ business owners this Pride 2021 and every day.

References:

52% of investors said they did not have an openly LGBTQ+ founder in at least one of their portfolio companies.
https://startout.org/wp-content/uploads/2018/03/State_of_LGBT_Entrepreneurship.pdf

Being LGBT may impact the amount of money an entrepreneur is able to raise.
https://review.chicagobooth.edu/entrepreneurship/2016/article/why-it-matters-lgbt-entrepreneurs-come-%E2%80%98out%E2%80%99

LGBTQ+ owned companies provide more than 33,000 jobs and tend to sustain longer than other businesses.
https://associationsnow.com/2020/08/national-lgbt-chamber-of-commerce

Learn more about Daylight Digital Banking:
https://www.joindaylight.com
https://www.twitter.com/joindaylight
https://www.instagram.com/joindaylightmoney
https://www.facebook.com/joindaylightmoney

Resources for Small Businesses:
Venture Forward study: https://www.godaddy.com/ventureforward
Up-to-date info on COVID-19: https://www.cdc.gov
COVID-19 resources and grant information: https://www.covid19businesscenter.com

The information contained in this video is provided for informational purposes only and should not be construed as an endorsement or advice from GoDaddy on any subject matter.

#GoDaddy #SmallBusinessNewsandTrends #CallMeByMyName #LGBT #Pride2021

Published: Thursday, July 14, 2022 9:30 PM
Category: WebHosting GoDaddy

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